Analyst, Settlements - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 178399

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Why work for Scotiabank?
Scotiabank is among the largest banks in the world and the most international bank in Canada.

We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services.

Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you'll get to learn and develop your skills, while being recognized for your hard work.

At Scotiabank, we're passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy.

Say hello to a career at Scotiabank

Global Banking and Markets

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients.

Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange, and precious & metals.

We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Purpose

Contributes to the overall success of the Post Settlements team in Toronto, Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives.

Ensures all activities conducted are following governing regulations, internal policies and procedures.

Accountabilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Responsible for managing and addressing daytoday discrepancies in a timely manner.
Identifying and Implementing changes to operating procedures to increase efficiency and minimize inherent risk to the bank.
Solving problems of an unusual nature including identifying the cause and what is required to prevent recurrence.
Ability to analyze cross departmental processes which may have created the exception and understand action required to resolve.
Reconcile and settle monthly borrowing and lending billing, along with fail claims.
Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of daytoday business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct.
Champions a highperformance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.

Requirements:

Excellent communication skills, with strong negotiation and strategic influencing skills.
Expert knowledge of Bank's products, policies, and services.
Good understanding and awareness of strategic and tactical business planning and executional issues/processes.
Adaptability to operate in a rapidly changing environment regarding policies, procedures, automation, and client needs
Results focused to identify and act on any issues/concerns/processes in a timely matter.
Very good analytical & problemsolving skills and sound judgment needed to critically examine reconciliations, their operations & processes including in depth knowledge of the settlement department processes and inputs from up and downstream systems.
Undergraduate degree in Business

Working Conditions

Work in a standard officebased environment; nonstandard hours are a common occurrence.
The securities industry is a complex business and operates within a quasistructured but rapidly changing environment with very tight deadlines where errors can result in substantial losses
New systems, procedures, conventions, regulations and continual changes in technology, processes and the industry cause the frequency and degree of change within the operation of the department / division, thereby adding / increasing stressful situations. Constant demands on continually improving and implementing systems and procedures, requires ongoing reevaluation and prioritization of tasks and requires the incumbent to exhibit flexibility and the ability to work under tight times frames, complete reconciliations, and pro